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Bags Of Potential In The Dollar Index
Trader Anton Hughes from Magick, is long the Dollar Index off the back of US consumer sentiment, which rose in June.
The latest data from the Conference Board showed that Americans are not shying away from spending their money, with the consumer confidence index at a five-year high.
As a result, Anton is looking to enter at 83.65.
Consumer spending accounts for about 70% of U.S. economic activity.
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Tags: america, anton hughes, conference board, consumer confidence, dollar, dollar index, dxy, magick, markets, saxo tv, the states, trader, trading, tradingfloor.com, us, video
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